Thu: Delek boosts TASE to new high

Energy stocks were strong, while healthcare heavyweights Teva and Opko both fell.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.20% to 1,417.77 points, the Tel Aviv 100 Index rose 0.14% to 1,301.05 points, and the BlueTech 50 Index rose 0.24% to 363.05 points. Turnover was NIS 1.41 billion.

The TASE rose to a new all-time high today in line with gains on European markets and at the opening on Wall Street. The Tel Aviv 25 Index rose 1.4% for the week, and has risen 6.6% since the beginning of the year.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.472/$, down 0.09% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.775/€, down 0.35%.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.07%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) rose 0.2%, despite Minister of Health Yael German's statement that she will oppose phosphates mining at Sde Barir and the company's threat to close its phosphates business. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.2%, on the day's biggest turnover of NIS 95 million.

Tamar partners Delek Group Ltd. (TASE: DLEKG) and Isramco Negev 2 LP (TASE: ISRA.L) both rose 2.6% for the biggest gains on the Tel Aviv 25 Index. Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 1.8%, for the biggest loss on the index.

Elsewhere in the market, Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) rose 1.5%, amid recovery plans.

Published by Globes [online], Israel business news - www.globes-online.com - on April 3, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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